Guangdong Land Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2019. The group will record an unaudited loss attributable to owners of the company of not more than HKF 39 million for the six months ended 30 June 2019, while the unaudited profit attributable to owners of the company for the same period in 2018 was approximately HKD 62.40 million. When comparing to the same period in 2018, the major factors that affected the said anticipated results of the Group for the six months ended 30 June 2019 compared to the same period in 2018 include the following: land appreciation tax was accrued as a result of the sale of certain properties by the Group in 2017. In the first half of 2018, the over-accrual of the land appreciation tax in 2017 of approximately HKD 77 million had been reversed following tax clearance with the local tax authorities. In the first half of 2019, no such a reversal of the land appreciation tax for the same property project was recorded; as funds of the Group were used for business development, interest income and gain from banks and financial assets at fair value through profit or loss and at amortised costs were less than those in the same period last year. Also, since July 2018, the Group borrowed interest-bearing loans to finance its business development. Therefore, certain interest expenses for such loans were recorded in the first half of 2019.